Europe: Till Debt Do Us Part

Desmond Lachman, The American
Since the wake of the Greek economic crisis early last year, there have been ever-growing signs of strain in the rocky marriage between Europe's so-called peripheral countries and those at its core. Events now playing out in Dublin and Berlin suggest that the European marriage is becoming irreconcilable. This hardly bodes well for the long-run survival of the euro in its present form.Last year marked the start of the European periphery's humiliating loss of economic sovereignty to the International Monetary Fund (IMF) and to the European core countries. In May 2010, in the midst of...

Source: http://www.realclearpolitics.com/2011/02/17/europe_till_debt_do_us_part_250713.html

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